#DOGS Market Trend Observation (

Conclusion: BTC morning order meets expectations, but the price still cannot break through the pressure near 58000, the current direction is sideways instead of rising, it will take at least 3-4 hours to turn downward, but there is support ahead near 54500. The trend of ETH is also sideways instead of rising, and the current direction is upward, with short-term support near 2340 and pressure around 2530 unchanged.
BTC's downward trend in the mid-term market data continues to weaken, and it is slowly recovering from the deviation. The nearest resistance ahead is around 58000-58100. The current MA60 is actively crossing with MA30, but this action is unreasonable, and in about 3 days, MA30 will turn downwards.
In the 12-hour market data cycle, the MACD is starting to turn, the MA30 and MA60 have crossed downwards, and the deviation has not been half repaired, so the Rebound of BTC needs to be better. The current three Candlesticks have formed the pre-action of Sideways oscillation.
In the 6-hour market data, the strength of the Reboundpump trend continues to increase, and the deviation has been repaired a lot. It will be repaired soon, so the next trend has nothing to do with the 6-hour cycle. The pressure remains unchanged, around 58000~58100.
In the 1-hour market data, the strength of the Rebound and rise trend has not shown a clear change in strength or weakness, but the current direction is upward. Instead of rise, the recent short-term support is near 54600~54700, so there has been a large range of fluctuations in the 1-hour market data.
After ETH plummeted, there was a downward movement, as well as a strong demand for Rebound, but the Rebound was very weak, including today, there were only two days of longs volume, and the volume was very small, resulting in market data remaining volatile, with continued pressure around 2680-2690. The long-term moving average continues to trend downward.
In the 12-hour market data cycle, the trend of ETH is lagging behind BTC by one day, as BTC's MACD has started to turn around and is about to form a synchronized trend. However, ETH itself is still in a weakening downtrend, and the trend is also forming sideways oscillation. The volume of long positions in the market is very low [relatively low], so it is very difficult to break through the resistance. The deviation is still maintained in a large range.
In the 6-hour market data, the Rebound trend of rise is continuing to strengthen, but there is no volume support in the intraday, so the price does not rise at all. The deviation has not been repaired as well as BTC.
In the short-term market data of the 1-hour period, the front pressure has not been able to break through. The pressure on BTC at this position is around 56100-56200, and it has already broken through, but ETH is still below 2530, with support near 2350. This trend is likely to continue for a long time.
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Small Currency Observation
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Reduced position on morning longs, then continued to hold. No issues for now. [August 8, 2024 20:45:07] Price has reached target, can reduce position again and keep one ant position. Stop loss has been set, but not a big deal.
It is not yet time to get on board the Spot, but you can enter the initial position, but the initial position must be small enough. Otherwise, the required funds for Margin Replenishment pump average price will be relatively large.
The trends between the markets are synchronized - the magnitude of the rise or fall may be different, but the process and direction of development are the same.
If the conditional order does not meet the trigger condition, the order will not be triggered, so you may miss a swing trading opportunity, but there will be no loss. Even if it is triggered, there will be a stop loss, so it is relatively safe.
Sol【40f2】, the current sol is in the pressure range of the daily candlestick level, and the trend itself is in a sideways movement in the long term. There is space both up and down at the weekly level, but the price is not rising before BTC nods. The strength of the mid-term downward trend is still weakening, and the deviation of the market data has been repaired a lot. The price has also reached the mid-term pressure range of 153. The trend has confirmed the bottom, so the trend at the daily candlestick level is upward. The strength of the rise trend in the 12-hour period is still increasing, but the volume has returned to the normal range. The price is starting to enter a Sideways oscillation. The current direction in the 1-hour period is also upward, but with the weakening strength of the rise trend, the trend is about to turn downward. The recent support is around 143, so a conditional short order can be placed near 151.7 with a stop loss at 155.5. The target is at 143. If the current price surges above 165 at [August 8, 2024, 8:35:31 PM], the conditional order can be canceled, but it can also be prepared for a better position to short.
Jas【d15f】, there is no downward action in the mid-term, but the Rebound is also very weak. The recent short-term pressure is around 0.231, and the current direction is upward, but it is sideways rise, with support near 0.02. In short, it is not recommended to touch. √
Mog【Nursing】The mid-term pump trend is disrupted, and it is currently in a mid-term Rebound trend. The pressure ahead is around 1325, and there has been no successful breakthrough. In the next period of time, it is highly likely to continue to fall. If it follows the market down after the market has completed its repair, stays still, and starts to appear Sideways oscillations that last for more than 1 month, then it is appropriate to enter some positions.
Sats【039a】 has approached the resistance near 256 in the midterm, and the current short-term trend is sideways instead of rising. You can place a short order at the low point of Sideways and set the stop loss at the high point of Sideways. The order should be a conditional order【not at market price】, with a target around 224. √
Ray [Cryptocurrency Speculation finds models], Liquidity is poor. In such a time period, it is best not to touch coins with poor Liquidity, as it is easy to be trapped. Even if it is Spot, you should wait a while. The current price is in a high-level shock. √
The pressure around Bome【黑钱bj】 short-term 0.00726 is not effectively broken, and there is a possibility of forming a short-term double top structure. The next resistance is around 0.008. In short, it is highly likely that the pressure ahead of this Rebound trend cannot be broken, so the downtrend will continue. Currently, it is a Rebound upward trend [4-hour cycle]. The 1-hour cycle is represented by a horizontal line instead of a rise. √
Wif【allenyyy】, if viewed more optimistically, the pressure ahead is around 2.1, because it is pure hype-driven, so it is possible to reach that position. Currently, it has encountered resistance near 1.71 in the short term and has started to rise but stagnated. However, the reason for this stagnant rise is due to an upward deviation on the 4-hour cycle. So, WIF will remain stagnant for a period of time. The next support is around 0.84. √
Can SSV go up to 21【ETHking】? Currently, it is in a Sideways oscillating trend at the daily candlestick level, and the short-term trend is similar to ETH, both showing a relatively weak Rebound trend. The immediate resistance is near 21, and there is a chance to touch it. √
Tia [Financial Freedom], which has been in a downtrend since February, is currently in a downward swing trading with support at around 4.35 on the daily candlestick chart. Rebound cannot be initiated, and there is no short-term trend or direction. At this time, the swing trading direction is upward. √
Dogs【berlin】Technical Analysis is meaningless as there is not much historical data, you need to check the fundamentals, so there is no suggestion. The current Liquidity is poor, so it is best not to touch it for now. √
Crv [Old man new sucker not vegetable] is currently in the Bear Market that started 22 years ago, and even the small bull market that started in January 23 has not risen, but continues to maintain a downward trend. Therefore, in the future, we need to wait for a signal from the market, but from a fundamental point of view, even if we want to enter, we can only enter as a pure imitation, 200 is enough. √
Gala【Financial Fortune Express】, the fundamentals are still good, you can keep following, but it's not the time to get on board yet. Later, you can enter some Spot at the right time and take advantage of the bull market. √
JTO [Little Turtledove], there has been a deviation in the 4-hour cycle again. The rise space is very small, and there has been a sideways situation instead of a rise in the 1-hour cycle, indicating that the price is not moving up. You can place a short order at the low point of Sideways and set the stop loss at the high point of Sideways. Calculate the profit-loss ratio yourself and how to place conditional orders. √
Popcat [Ocean King Full], although there is a rise in the 4-hour cycle, there is currently no suitable condition to get on board in the short term. The current 1-hour cycle is represented by a horizontal line instead of a fall, and the fall is still. The recent support is around 0.512, and the recent breakthrough near 0.6 is not considered successful, so the best time to get on board has been missed, and can only wait. Waiting for empty. √